| T O P I C R E V I E W |
| jpf231 |
Posted - 07/01/2008 : 19:32:55
My boss wants to get rid of his silver, roughly 5 pounds of it. He has an old cigar box full of 90% silver US coins that he's bringing to the office tomorrow. He wants fair market value is all (and no shipping). Can you see me salivating like Pavlov's dog? |
| 25 L A T E S T R E P L I E S (Newest First) |
| russell |
Posted - 08/02/2008 : 15:37:33
what do you guys keep the stuff wrapped in? if its in a can of sorts do you leave things in little plastic envelopes or just throw it coin on coin or bar on bar etc?
thanks |
| longhorn |
Posted - 07/18/2008 : 22:19:08
The vault is in one of my business buildings. It was there when I purchased the business, but it is really a very nice vault, Mosler door, and reinforced concrete.
I still have that little problem about filling it. |
| knibloe |
Posted - 07/18/2008 : 20:44:20
[/quote]
Just don't diversify too much or too creatively, or you'll end up losing stuff! Took me almost 6 hours to find a pistol that i hid in the attic one time 
[/quote]
This reminds me of when my grandfather died. He had 21 pistols on his permit. took us a a couple of weeks to find them all. |
| jpf231 |
Posted - 07/18/2008 : 11:27:02
I just realized that "imho" must mean "in my humble opinion" - what a dope. |
| fb101 |
Posted - 07/18/2008 : 09:37:47
quote:
Originally posted by scott71578
nothing is totally "safe" its just a sense of security.
if its manmade..man can take it apart.
As we've well demonstrated with our financial systems. |
| scott71578 |
Posted - 07/18/2008 : 01:27:46
nothing is totally "safe" its just a sense of security.
if its manmade..man can take it apart.
|
| misteroman |
Posted - 07/18/2008 : 01:13:46
WOW or why lol?Not even sure trump could fill that up.I know just an average coffe can full of silver is something like $10K and gold would be what $500K?and that is just a coffee can. |
| CoinHunter53562 |
Posted - 07/17/2008 : 22:36:23
quote:
Better yet, walk in basement vault with bank type door. Mine's 12' by 50'. Now if I could just fill it up.
You have a vault that is 12' x 50' in your basement? Wow |
| longhorn |
Posted - 07/17/2008 : 20:26:41
Better yet, walk in basement vault with bank type door. Mine's 12' by 50'. Now if I could just fill it up.
|
| PennehChaos. |
Posted - 07/11/2008 : 13:20:00
quote:
Originally posted by kavajava
Like many other things, a little diversification is probably good--some in a safe, some in a can, some in plain sight, etc...(but beware of the risks associated with a safe deposit box).
Just don't diversify too much or too creatively, or you'll end up losing stuff! Took me almost 6 hours to find a pistol that i hid in the attic one time |
| Lemon Thrower |
Posted - 07/09/2008 : 16:13:54
quote:
Originally posted by NotABigDeal
A good quality safe is relatively "safe". You generally get what you pay for. It just takes a little research.
Deal
[/quote]
thaat's not exactly true. an in-ground safe can be safer than a much more expensive floor safe. creative hiding can be even safer and cost almost nothing. while a large floor safe realistically won't be carted off, their doors are fairly vulnerable to being pried open. There is not a single perfect answer, and I just wanted to point out that a heavy, expensive floor safe is the only way to look at the question. |
| CoinHunter53562 |
Posted - 07/08/2008 : 08:03:54
Good purchase at $375. I was going to mention that coinflation prices seem to be for the uncirculated coins and based on the weights of the coins when they left the mint so those figures arent always accurate. Typically bullion dealers figure on $100 face of 90% having roughly 71.5 ounces of silver (down from 72.3 when minted). For halves, the estimate is a slightly higher number and usually around 71.8-72.0 ounces due to those not circulating as much so there isnt as much wear on the coins. Either way, good job and keep buying! |
| kavajava |
Posted - 07/08/2008 : 07:09:18
Like many other things, a little diversification is probably good--some in a safe, some in a can, some in plain sight, etc...(but beware of the risks associated with a safe deposit box). |
| NotABigDeal |
Posted - 07/08/2008 : 06:28:30
quote:
Originally posted by Lemon Thrower
apparently the risk in a big safe is the door can be pried open with some ease. the alternative is an in-ground safe but these are smaller and harder to install. experts recommend hiding in plain sight or in unexpected places - e.g. in a box marked Christmas Decorations.
A good quality safe is relatively "safe". You generally get what you pay for. It just takes a little research.
Deal |
| Lemon Thrower |
Posted - 07/08/2008 : 05:05:03
apparently the risk in a big safe is the door can be pried open with some ease. the alternative is an in-ground safe but these are smaller and harder to install. experts recommend hiding in plain sight or in unexpected places - e.g. in a box marked Christmas Decorations. |
| HoardCopperByTheTon |
Posted - 07/08/2008 : 00:41:00
We just can't have nice things...  |
| scott71578 |
Posted - 07/07/2008 : 23:45:54
invest in a safe. bolt it to your floor.ive got an old bank safe that
weighs over 1200 lbs empty, never mind the silver bags and misc "stuff".
i see too many shows about bank robberies and safe deposit boxes being robbed.
plus, what happens when you get more than will fit in one box?
if silver stays at say $18 forever and never moves, the fees on the box will erode your value to nothing over time. of course houses get robbed too, but thats what the pittbulls and mossbergs are for. |
| moboman |
Posted - 07/07/2008 : 22:38:02
quote:
Originally posted by jpf231
hmmm ... makes me nervous having a stash in the house, but I see your point. Just bought roughly $200 more of junk silver today to add to the hoard. Ag, Ag, Ag, Ag, Ag ...
I dont like having junk silver just laying out. I know someone who had a jar (coffee can) stolen. She thought she had it hidden I guess, but the thief used it to go buy gas with. If it had been oz rounds of silver the thief would not have had a clue what to do with them.
Just my opinion.
|
| jpf231 |
Posted - 07/07/2008 : 17:30:18
hmmm ... makes me nervous having a stash in the house, but I see your point. Just bought roughly $200 more of junk silver today to add to the hoard. Ag, Ag, Ag, Ag, Ag ... |
| Ag maniac |
Posted - 07/07/2008 : 11:19:58
quote:
Originally posted by jpf231....Into the safe deposit box it goes....
BAD MOVE imho......"If ya don't hold it, ya don't own it". Should there be a "banking holiday", there's a good chance you'll never be able to get to your safe deposit box.
Better to keep it home in your possession. Hide itmin plain sight....up on a plant shelf, in an old can of paint in the garage...you get the idea. |
| Lemon Thrower |
Posted - 07/04/2008 : 12:10:02
that's fair. you should not be able to sell 90% at spot, let alone 40%. |
| misteroman |
Posted - 07/04/2008 : 11:07:21
but they will starve after a few months!!! Go buy more!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Of course if everyone else has starved, there would be more food for the rest of us |
| jpf231 |
Posted - 07/04/2008 : 10:39:04
I wound up buying the silver (123 - 40% and 17 - 90%) for $375 (melt was roughly $441 yesterday) - WAHOOOOOOOO !!! Into the safe deposit box it goes - who knows - it may feed the family for a few months WTSHTF !! |
| kavajava |
Posted - 07/03/2008 : 00:07:05
not bad..a little silver at about spot is better than none at all... |
| jpf231 |
Posted - 07/02/2008 : 19:04:54
Here's what happened. My boss overestimated the amount of silver he had in that dusty old cigar box. It turns out there were 123 - 40% halves and 17 - 90% (1 Franklin(61)). I did the math usng coinflation.com's prices for today, which as you all know is based upon yesterday's close I believe, and the value of the lot was roughly $441. He is fine with what I tell him fair market price is. He doesn't even care to look for himself actually. I plan to buy them for the $441. |
